What is Happening to the ASX Ltd Share Price Lately?

What’s happening to ASX Ltd’s Share Price?

Shares in the Australian Securities Exchange Ltd [ASX:ASX] continue to pop up in the new highs, building on previous positive news announcements released by the company. This is an interesting company to follow as it is a bellwether of sorts for the share market and the economy at large.

Why Did This Happen to ASX Shares?

Increased revenues and profits are being forecast, building on new listings activity which continues to be strong, and overall growth in trading revenue from equity market activity. As well as increased calls for the technical and information services that they offer.

What Now for ASX Ltd?

The stock has been in a sideways pattern for six years now. If it should make a significant break, that would be bullish not only for ASX Ltd, but also for the share market and economy at large. It would indicate increased business confidence, more IPOs, and growing trading activity.

The key thing is to take advantage of the increased market confidence. To do that you need to understand how markets work. Go here to find out more.

Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles. His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.

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